Bharti should be on avoid list for now: Prakash Diwan

In a chat with ET Now, Prakash Diwan, Chief Portfolio Strategist, Prakash Diwan's Wealth Circle, shares his views on Bharti Airtel.

ET Now: What is the call on Bharti?

Prakash Diwan: Bharti unfortunately has not been able to move itself out of the situation, it found itself in terms of a huge capex in an environment which has not been very conducive to growth. If you look at the kind of capex that they have made and the kind of growth that they have, there is a huge mismatch. From a simple efficiency ratio basis itself, Bharti is definitely likely to see this pain going forward. There will be another two quarters for that pain to persist and right now it definitely should be on the avoid list.